New York Clearing House
E705146
The New York Clearing House is a historic financial institution in New York City that served as a central hub for settling interbank transactions among major banks in the United States.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
bankers' clearing house
ⓘ
financial institution ⓘ payment system operator ⓘ |
| alsoKnownAs |
New York Bankers' Clearing House
NERFINISHED
ⓘ
New York Clearing House Association NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| currency |
US dollar
ⓘ
surface form:
United States dollar
|
| develops | rules for interbank settlements ⓘ |
| foundedBy |
New York City banks
ⓘ
New York Clearing House Association NERFINISHED ⓘ |
| foundedIn | 1853 ⓘ |
| foundedInPeriod | 19th century ⓘ |
| geographicScope |
New York metropolitan area
NERFINISHED
ⓘ
United States of America ⓘ
surface form:
United States
|
| governedBy | member banks ⓘ |
| hasFocus |
efficiency of large-value payments
ⓘ
systemic stability of interbank payments ⓘ |
| hasLanguage | English ⓘ |
| headquartersLocation | New York City ⓘ |
| historicalRole |
central hub for settling interbank transactions
ⓘ
coordinating mechanism during financial crises ⓘ issuer of clearing house loan certificates ⓘ |
| implements | standards for check clearing ⓘ |
| industry |
banking
ⓘ
financial services ⓘ payments ⓘ |
| influenced | development of U.S. central banking practices ⓘ |
| locatedIn |
Manhattan
ⓘ
New York NERFINISHED ⓘ New York City ⓘ |
| memberType |
commercial banks
ⓘ
major New York banks ⓘ |
| operatesInSector |
interbank payments
ⓘ
wholesale banking ⓘ |
| purpose |
clearing of checks
ⓘ
coordination among member banks ⓘ reduction of credit risk among banks ⓘ settlement of interbank balances ⓘ |
| regionServed | United States banking system ⓘ |
| regulates | clearing procedures among member banks ⓘ |
| relatedTo |
Clearing House Interbank Payments System
NERFINISHED
ⓘ
The Clearing House Payments Company NERFINISHED ⓘ |
| significance |
first organized bank clearing house in the United States
ⓘ
major hub for U.S. interbank settlements ⓘ model for other U.S. clearing houses ⓘ |
| typeOfOrganization |
non-governmental organization
ⓘ
private association ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.